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my strategy was/is jumping in on the yearly lows; P&G, J&J I'll bottom at 58,
full disclosure; I have lock in on Adobe at 22 and Intel at 19.
WMT was triggered today.
All I know is this:
The market can stay IRRATIONAL longer than most of us can stay SOLVENT.
Now seriously...who among us, as we watched the price of real estate climbing at rates 5 or 6 times the rate of inflation NOT know that RE was in a bubble?
I'm guessing a lot of people on this board KNEW the market was nuts.
Hell folks, the price of RE been nuts since AT LEAST the early 90s.
But year after year the RE market continued to climb despite all the fundamentals.
Now I do not doubt that many of us saw that, but who among us TIMED it correctly?
And if you DID time the market, what event finally tipped you off that it was time to bail?
Morgan Stanley cut its estimate for growth in the Group of 10 nations to 1.5 percent this year and next, down from previous forecasts of 1.9 percent in 2011 and 2.4 percent in 2012, todays report showed.
A negative feedback loop between weak growth and soggy asset markets now appears to be in the making in Europe and the U.S., the analysts said. This should be aggravated by the prospect of fiscal tightening in the U.S. and Europe.
It looks more likely that the upcoming austerity is figuring into the market performance.
Morgan Stanley cut its estimate for growth in the Group of 10 nations to 1.5 percent this year and next, down from previous forecasts of 1.9 percent in 2011 and 2.4 percent in 2012, todays report showed.
A negative feedback loop between weak growth and soggy asset markets now appears to be in the making in Europe and the U.S., the analysts said. This should be aggravated by the prospect of fiscal tightening in the U.S. and Europe.
Morgan Stanley Cuts Global Growth Forecast With U.S.
I have discussions with a friend on INTC. He wants to buy it here because of the dividend. I trade semis off book value. Divy is 4%, pretty good. However, a bottom in book value is about $15. Stock has held up pretty well, all things considered. It will be interesting to see where it bottoms.
I suspect the real carnage is at least 60 days away.
so how does this bode for privatizing SS?
Social Security is Doomed... the Boom Generation will Expose it for what it was Warned to be way back in the Day...
One can only Hope that all of the Drugs and bad shit they did will Knock them off Sooner rather than Later...
It's really our only Hope.
peace...